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SAP Positioned as a Leader for Seventh Consecutive Year in Gartner Magic Quadrant for International Retail Core Banking 2013

October 23, 2013 by SAP News
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October 23, 2013 by SAP News

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SAP NEWSBYTE — SAP AG (NYSE: SAP) today announced that it has been positioned by Gartner, Inc. in the leaders quadrant of the 2013 “Magic Quadrant for International Retail Core Banking” reporti for the seventh consecutive year. SAP is recognized as a market leader for both its “ability to execute” and “completeness of vision.”

“Our comprehensive portfolio enables us to come up with innovative solutions that combine core banking applications with analytics, enterprise mobility, real-time and cloud technology,” said Falk Rieker, global head of IBU Banking, SAP. “We believe this recognition from Gartner reinforces that our core banking solutions enable financial institutions achieve greater productivity and agility. Our mission is to help our customers to standardize processes while differentiating efficiently toward the customer in a multi-channel environment.”

According to the Gartner report, vendors in the leaders quadrant “tend to possess high-order market understanding — they make it their business to monitor market trends, funneling progressive innovation into their product road maps. About half of this group either possess software development quality certifications (such as CMMI) or are pursuing them. With few exceptions, the Leaders are progressively ‘thinking small’ or targeting component-based architecture as a gateway to providing increased accessibility to the granular functionality that banks need to drive the basis for differentiation.”

More than 12,000 banks in 142 countries rely on solutions from the SAP® for Banking portfolio to become more customer-centric across all channels, reduce cost and complexity and more easily manage regulatory and risk compliance. SAP for Banking is a comprehensive offering for streamlining core processes and producing new innovations in transactional banking, payments, personalized offers, risk analysis and more. The solutions are the direct result of the company’s more than 40 years of accumulated industry knowledge and a spirit of co-innovation where banks play a role shaping solutions to fit the realities of the modern-day banking institution.

¹Gartner “Magic Quadrant for International Retail Core Banking” by Don Free, Ethan Wang, 2013About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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